SNB should clearly assign policy tools, IMF report says

swiss franc

The International Monetary Fund has advised the Swiss National Bank to clearly assign its policy tools in order to avoid the impression it is “targeting the exchange rate”.

Currently, the SNB uses the interest rate and interventions in the forex market to manage changes in inflation. But specifying when to use which tool, the fund says, could enhance the central bank’s communication.

“Intervention should be reserved for responding to volatility associated with foreign exchange market surges

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: